Could Small Shifts Change Minds?

December 04, 2017 BY James Paulsen

The financial markets have recently been bolstered by an unexpected acceleration in economic momentum without a noticeable worsening in inflation or bond yields. At the beginning of 2017, most anticipated another 2%-ish growth rate in the U.S., and few recognized the global recovery was headed for a synchronized expansion. However, the U.S. appears poised for a third consecutive quarter of real GDP growth in excess of 3%, and participation in this global recovery has never been broader. Moreover, since improved economic growth has not aggravated inflation or bond yields, many believe the stock market is in a sweet spot headed for a melt-up.  


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